外文标题：China to loan Pacific island nations $1 billion
BEIJING (Reuters) - China will provide a concessionary loan of up to $1 billion to Pacific island nations to support construction projects, state media on Friday cited Vice Premier Wang Yang as saying, a part of the world where Beijing and Taiwan compete for influence.
Wang made the announcement at a forum with Pacific island nations in the southern Chinese city of Guangzhou, the official Xinhua news agency reported. It provided no other details on the loan.
China will also build medical facilities in the region and send medical teams as well as invest in green energy projects, Xinhua cited Wang as saying.
The meeting was attended by representatives from Micronesia, Samoa, Papua New Guinea, Vanuatu, the Cook Islands, Tonga, Niue and Fiji, the news agency added.
The Pacific has traditionally been a site of competition for diplomatic recognition between China and Taiwan, the self-ruled island China claims as its own.
In the region, Taiwan maintains formal ties with Kiribati, Nauru, Palau, the Marshall Islands, the Solomon Islands and Tuvalu. Taiwan has also supported development projects and provided loans.
However, China and Taiwan have maintained an unofficial diplomatic truce and not tried to court each other's allies in the developing world since they signed a series of landmark trade and economic deals in 2008, ushering in improved ties.
Just 23 countries recognize Taiwan, almost all impoverished countries in Central and South America, Africa and the Pacific.
Those that recognize Taiwan range in size from the Vatican to Paraguay.
(Reporting by Ben Blanchard)
How will they pay it back, with coconuts?
They will pay back with their own land, their culture, their labour work !!! That is the new China .... The sun never set in the land of China .....
At least there are 23 honorable countries.
US is building military base on the Philippines while China provides loans to the South Sea islands for infrastructures. Different strokes for different folks.
US likes to do the job of globe policeman. but china likes to be a sincere businessman.
JOHANNESBURG, South Africa Jan 28, 2012 — NEWS reports
The African Union today opened its Chinese-built headquarters in Addis Ababa, Ethiopia, a towering $200-million complex that has been called "China's gift to Africa."
envy and jealousy.
China is trying to put African nations in its pocket for critical UN votes in the near future. African nations know this but they are desperate for any kind of investment to alleviate the poverty in their countries -- especially since the first African American President has largely ignored them.
Great news for these Pacific islands to be getting financial assistance from a benevolent China.
Very unlike how the U.S. deals with these islands – American Samoa was seized by the U.S. navy and remains a colony. Guam and Northern Marianas were also seized by the U.S. military. Then, there was the illegal seizure of Hawaii.
No good deed goes unpunished.
Smart move on China's part. In time, those loans will be paid back, one way or another.
Glad to see that China is giving back to the international community, even though it's still a dirt poor country on a per capita basis.
Really? Now China will have them in it's grip!
China ranks in the between 80 and 90 when you consider GDP per capita
I wish my countrymen in Micronesia wise up and align themselves with China and not the US,after all we're Asians.
don't be fooled by Chinese gambit, way to get all your resources and build help you substandard buildings.
China seems to be buying up little pacific countries for their fishing, mineral and oil rights...along with their allegiance. I guess it wouldn't be so bad if the infrastructure projects are not Chinese designed or made.
I think its safe to you say you never been to China and saw their infrastructure development.
I think it is also safe to say that you didn't know that China have the longest express way (free system) in the world, yes, even longer than the US interstate system.
China also have the most skyscraper/high rise in the world, along with the longest network of high speed bullet trains.
All of this was completely new build during the last 20 years.
But, never mind, for you, ignorance is better.
The US sends war planes and war ships, and China sends hospitals.
The role China is playing now is what us played in 50 years ago.
Furthermore, the Chinese are using this money to influence the islands to agree that Taiwan is a part of China. More Chinese theivery at work here.
China will take the land when they default on the loans.
Stupid people like to buy friendship.
If you can't conquer them, buy them.
If every nation thinks the same, it would be a very peaceful world.
Since we are not yet ready to take you over militarily, we give you money..We come soon with our new boats to own you..
What about a rumor that China bubble is about to burst?
Hope its a short term loan . They will be under water pretty soon.